ORPHANetwork Earns Coveted 4-Star Rating from Charity Navigator for Second Consecutive Year
Virginia Beach, VA (PRWEB) June 21, 2017 -- ORPHANetwork's strong financial health and commitment to accountability and transparency have earned the nonprofit its second consecutive 4-star rating from Charity Navigator, America's largest independent charity evaluator.
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These Accountability & Transparency metrics, which account for 50 percent of a charity’s overall rating, reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders. In June of 2016, enhancements to the methodology for rating each charity's financial health were made which further substantiates the financial health of Charity Navigator's four star charities.
"Only 26% of charities we evaluate have received at least 2 consecutive 4-star evaluations, indicating that ORPHANetwork outperforms most other charities in America," according to Michael Thatcher, President & CEO of Charity Navigator. "ORPHANetwork's exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public. This adds ORPHANetwork to a preeminent group of charities working to overcome our world’s most pressing challenges. Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support ORPHANetwork."
“It’s important our investors trust that we are using their money wisely to accomplish ORPHANetwork's strategic mission," said Dick Anderson, Executive Director of ORPHANetwork. "Our 4-star Charity Navigator rating demonstrates to our investors our exceptional governance and financial accountability."
ORPHANetwork's rating and other information about charitable giving are available free of charge on http://www.charitynavigator.org.
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About ORPHANetwork
ORPHANetwork currently partners with 240 Local Church Initiatives and six Child Protection Centers (orphanages) in Nicaragua to serve more than 22,000 vulnerable and orphaned children. Through innovative programs such as health and nutrition, education and job training, the country's most vulnerable children are being equipped to break the cycle of poverty. ORPHANetwork has been accredited with the Evangelical Council for Financial Accountability since 2004.
About Charity Navigator
Charity Navigator, http://www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers.
Katie Beasley, ORPHANetwork, http://www.orphanetwork.org, +1 (757) 472-4243, [email protected]
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